Ontario businesses optimistic in own outlook, not provincial economy: survey

By
Staff The Canadian Press

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Premier Kathleen Wynne says she doesn't know why businesses are
so much more confident in their own growth than in the province's,
but she says Ontario is leading the country in economic growth this
year.

But the chamber says small businesses are less likely to predict growth, and “given that small businesses make up the majority of enterprise in Ontario, this is a particularly important difference in perception.”

Premier Kathleen Wynne says she doesn’t know why businesses are so much more confident in their own growth than in the province’s, but she says Ontario is leading the country in economic growth this year.

In its economic outlook report, the chamber says one reason may be that most of their members don’t believe that government policies such as cap and trade and an electricity rebate will benefit their organizations.

The survey of 773 Ontario Chamber of Commerce members was conducted online by Fresh Intelligence between Oct. 25 and Nov. 30, 2016.